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Oct 25, 2017
10/17
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we see bitcoin itself this year has gone bitcoin, bitcoin gold, bitcoin cash, and now we have another spinoff in two weeks, bitcoin 2. all these various bit coins. it has to find its identity. before you tell people 25,000, and you allow people to think i'm going to get rich, the thing about the gbdc, it's easier than opening a coin wallet. you just think it's not responsible, mr. lee you have to acknowledge the fact of where this was a year ago and people are watching you. average investors. before they start buying bitcoin at $5600, they should think twice, more than twice >> tom, and when you keep saying mr. lee, i keep thinking you're talking about my dad, tom and i not related. but tom, andrew makes a good point, when you see this vehicle doesn't necessarily track the rise in bitcoin, maybe bitcoin rises to your target price, but the grayscale bitcoin investment trust may not. >> well, melissa, i agree, in fact i might even say i didn't even disagree with a single thing andrew said. i agree this is a very risky investment but the advantage of owning gbtc is one for our institutio
we see bitcoin itself this year has gone bitcoin, bitcoin gold, bitcoin cash, and now we have another spinoff in two weeks, bitcoin 2. all these various bit coins. it has to find its identity. before you tell people 25,000, and you allow people to think i'm going to get rich, the thing about the gbdc, it's easier than opening a coin wallet. you just think it's not responsible, mr. lee you have to acknowledge the fact of where this was a year ago and people are watching you. average investors....
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Oct 20, 2017
10/17
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KQED
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you have bitcoin and bitcoin cash. people were really scared before this happened and bitcoin prices dropped and then bounced right back up. >> is the big question right now how long the battle testing happens before it settles, paul. >> no. because i think that is together to continue for, i mean until bitcoin is at some, assuming it gets to some point -- >> that's not going to happen any time soon. >> that process is going to go on for a long time. when you talk about the price, there are a couple things, yes it's extremely volatile but there are people who love that kind of volatility. they're called traders. and they, you know, a lot of wall street traders are interested in this now because it is volatile. because you can make money trading it and the guys who are bitcoin traders who have been doing this for a long time, they are total keyboard cowboys. they love thing. they stay up all night and trade and they tonight care if they go up or down, they're just looking to make some money off it. part of bitcoin's att
you have bitcoin and bitcoin cash. people were really scared before this happened and bitcoin prices dropped and then bounced right back up. >> is the big question right now how long the battle testing happens before it settles, paul. >> no. because i think that is together to continue for, i mean until bitcoin is at some, assuming it gets to some point -- >> that's not going to happen any time soon. >> that process is going to go on for a long time. when you talk about...
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Oct 10, 2017
10/17
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CNBC
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bitcoin is a whole other asset class. i'm wondering, using that macro hat, what sorts of indicators are you looking at to tell you that bitcoin is not in a bubble right now and what sort of indicators are you going to look at to say they're flashing warning signs to me, what out there are you looking at >> so i see bitcoin really as a digital gold it's become a store of value people say, how can that be a store of value why was gold a store of value? there are 20 other metals you could have picked, somebody picked gold, maybe because it was shiny, there's a limited supply my kids walk around, i have four kids, 60% of the waking day, their head is in a phone they're growing up in a digital world. one day their boyfriend is going to give them digital flowers and they'll really enjoy the flowers. my mom would say, i want real flowers. but as we move into a digital world, having a digital store of value makes more and more sense. where could the price of gold and silver go? who knows? there are a limited amount of bit coins.
bitcoin is a whole other asset class. i'm wondering, using that macro hat, what sorts of indicators are you looking at to tell you that bitcoin is not in a bubble right now and what sort of indicators are you going to look at to say they're flashing warning signs to me, what out there are you looking at >> so i see bitcoin really as a digital gold it's become a store of value people say, how can that be a store of value why was gold a store of value? there are 20 other metals you could...
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Oct 21, 2017
10/17
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BLOOMBERG
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you now have bitcoin and bitcoin cash. people were scared before this happens and the prices dropped but then it bounced right back up. china banmed the initial -- china banned the initial point offering that it went right back up. paul: until the point is that some -- assuming it gets -- jeff: -- any time soon. paul: that process will go on for a long time. yes, it is extremely volatile, but there are people like that kind of volatility. they are called traders. a lot of wall street traders are interested in this now because they can make money trading it. people who have been doing this for a long time our total keyboard cowboys. they love this thing. they stay up all night and traded and they do not care if it goes up or down. they are looking to make money off of it. part of bitcoin's attraction is it is volatile. there is still a small group of people trading and they are true believer tight and a lot of people are buying and holding it because they think is going to a $50,000 price. i think it's coin -- bitcoin is a
you now have bitcoin and bitcoin cash. people were scared before this happens and the prices dropped but then it bounced right back up. china banmed the initial -- china banned the initial point offering that it went right back up. paul: until the point is that some -- assuming it gets -- jeff: -- any time soon. paul: that process will go on for a long time. yes, it is extremely volatile, but there are people like that kind of volatility. they are called traders. a lot of wall street traders...
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Oct 13, 2017
10/17
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until you reach 21 million bitcoin and then it stops. there's no new bitcoin. so it is fundamentally just an algorithm, a rule. it's effectively deflationary. the other thing that's important is one bitcoin is divisible not by 100 units but into 100 million units. >> so obviously, from what i'm gleaning, this is not for the everyday investor, would you agree? >> yes, i totally agree with that. it is difficult to understand. it is wildly volatile. it is five times the volatility of the s&p 500. it is a new technology. and i do worry that there's a lot of bandwagon speculating, it's going up so let's pile into bitcoin. the capitalization is $88 billion, which is substantial. that's more than the capitalization of all the gold etfs and gold mining etfs. it's substantial but still small. >> cam to leave it there. i wanted to ask you whether the coach would like to be paid in bitcoin. that's another conversation. campbell harvey at duke. >>> sales growth slows at domino's. the pizza chain reported a rise in same store sales but the results weren't as strong compared
until you reach 21 million bitcoin and then it stops. there's no new bitcoin. so it is fundamentally just an algorithm, a rule. it's effectively deflationary. the other thing that's important is one bitcoin is divisible not by 100 units but into 100 million units. >> so obviously, from what i'm gleaning, this is not for the everyday investor, would you agree? >> yes, i totally agree with that. it is difficult to understand. it is wildly volatile. it is five times the volatility of...
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Oct 24, 2017
10/17
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CNBC
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to buy bitcoin. but i wouldn't put all your net worth into it. i would put a portion in it. >> i speculate in currencies all day long i don't get it athitlead, you won't believe wh cpoe blamed their big miss on, when "fast money" returns. your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to sa
to buy bitcoin. but i wouldn't put all your net worth into it. i would put a portion in it. >> i speculate in currencies all day long i don't get it athitlead, you won't believe wh cpoe blamed their big miss on, when "fast money" returns. your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug...
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Oct 22, 2017
10/17
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BLOOMBERG
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catherine: the market cap, the network value of bitcoin when you both include bitcoin and bitcoin cash is a little over $100 billion. it has, up, very -- it has come up very fast, but it is at a fraction of apple's valuation, amazon's valuation. and we think it is a much bigger idea than either one of those. jeff: and certainly a small fraction of the overall economy. catherine a very small fraction. like $180t cap is billion, or something like that latently for all the cryptocurrencies which there are like 1000 of them. it was $12 billion one year ago. it has been doing pretty well in the last few years. jeff: bitcoin is far and away the most popular. >> it is more than half of the total ecosystem at $100 billion. jeff: paul take me back a little , bit if you would. bitcoin is invented in the wake of the global financial crisis. why and how? paul: released -- the original white paper announcing the concept was released in october 2008, the head of the financial crisis, by somebody calling themselves toshi nakamoto. to this day, we do not know who this person really is. whoever it was,
catherine: the market cap, the network value of bitcoin when you both include bitcoin and bitcoin cash is a little over $100 billion. it has, up, very -- it has come up very fast, but it is at a fraction of apple's valuation, amazon's valuation. and we think it is a much bigger idea than either one of those. jeff: and certainly a small fraction of the overall economy. catherine a very small fraction. like $180t cap is billion, or something like that latently for all the cryptocurrencies which...
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Oct 7, 2017
10/17
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BLOOMBERG
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people loving bitcoin. bitcoin's pricing was $240 two years ago and now trading at extreme heights now over $4000. the excitement is more about bitcoin. ethereum starting to get some attention but not as much as bitcoin. >> more than $2 billion have gone into the initial coin offerings which is pretty wild. people are not ignoring this stuff. cory: do you get a sense there is excitement about blockchains focusing on bitcoin and something else? ico's seem like some of the dumbest investments because it is him is on us like a specialty acquisition corporation where you buy stock in something before the business exists. >> a lot of people make the distinction between ico's raising money for a coin versus may be shady cryptocurrency companies started by someone in a basement trying to raise money for themselves. cory: there will be some overlaps. >> there may be some overlaps. cory: lily katz, thanks so much. coming up, puerto rico takes to twitter and asks tesla for help. could elon musk help the island? we wi
people loving bitcoin. bitcoin's pricing was $240 two years ago and now trading at extreme heights now over $4000. the excitement is more about bitcoin. ethereum starting to get some attention but not as much as bitcoin. >> more than $2 billion have gone into the initial coin offerings which is pretty wild. people are not ignoring this stuff. cory: do you get a sense there is excitement about blockchains focusing on bitcoin and something else? ico's seem like some of the dumbest...
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let's dig a little deeper into bitcoin and other digital currency is going to bring in the first very outspoken government official a financial regulator who many years ago raised concerns about how digital currencies would go forward joining me now former u.s. attorney commissioner bart chilton barr thank you so much for coming in to talk about first off let's get some in straight there have been. you have been out there very early talking about this and a lot of people are timing it now but there are often you know various concerns you support digital currencies and you've said that for a long time why i do and i but i think a lot of people think i'm such a naysayer in that i'm talking about how you have these consumer protections that they think i'm against the right acknowledge and i don't i mean it's like one of the you know coolest innovative projects that we've had with you know doing this transfer of money and you're talking about the value i mean the legend of bitcoin is that once a couple or a token was created the guy bought a couple of pizzas with it so it's certainly incr
let's dig a little deeper into bitcoin and other digital currency is going to bring in the first very outspoken government official a financial regulator who many years ago raised concerns about how digital currencies would go forward joining me now former u.s. attorney commissioner bart chilton barr thank you so much for coming in to talk about first off let's get some in straight there have been. you have been out there very early talking about this and a lot of people are timing it now but...
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Oct 18, 2017
10/17
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CNBC
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this signal trouble ahead for bitcoin? when you talk to a lot of the biggest bulls, yourself included, they say regulation could be the thing that squelches it even if it's just temporary. >> it could be listen, i think regulation done the right way would be okay. in other words, what the big fear out there is, they're going to come out and ban it like what china did, right that's the big fear. as long as regulators and the cftc came out and said, listen, some of these things are commodity so this comes under our jurisdiction, that gives the market clarity, which would be a good thing that's why we reversed today, we're back up to 5500. for me, regulation equals clarity, is a good thing for bitcoin. >> isn't the argument, though, that you can't ban it. what are you going to start throwing computers out the window bottom line is there is no banning it i think it just forces a period where they need to clarify, which is what you're saying. there is no banning. >> and i would actually argue, with bitcoin regulation, you actua
this signal trouble ahead for bitcoin? when you talk to a lot of the biggest bulls, yourself included, they say regulation could be the thing that squelches it even if it's just temporary. >> it could be listen, i think regulation done the right way would be okay. in other words, what the big fear out there is, they're going to come out and ban it like what china did, right that's the big fear. as long as regulators and the cftc came out and said, listen, some of these things are...
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Oct 24, 2017
10/17
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KQED
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now bitcoin is buying into real estate. over the summer, a societys by's agency in austin was behind the first home sale in texas. >> we knew that bitcoins, crypt occurrence sit, it has an exchange rate. it ce exchanged for u.s. dollars, so the challenge, which actually wasn't all that challenging iso figure out -- >> they turned to bitpay, because the seller, a custom homebuilder didn't want bitcoin, he wanted dollars. >> we had a brief conversation about that, but bitcoin is new to most consumers, so accepting it just want something they didn't want to do. >> that will not be the case in lower manhattan. this developer hayes several potential buyers, and he wants to keep the currency. >> i'll use it both personally and as a dev. on i've been buying some artwork of recent, and personally for me, i've had a bunch of sellers of artwork ask me to pay them in bitcoin. >> he says in a hot market lyman hanes, accepting bitcoin gives him a competitive edge. >> it's a price point building in the 700 to 1.5 million range. there was
now bitcoin is buying into real estate. over the summer, a societys by's agency in austin was behind the first home sale in texas. >> we knew that bitcoins, crypt occurrence sit, it has an exchange rate. it ce exchanged for u.s. dollars, so the challenge, which actually wasn't all that challenging iso figure out -- >> they turned to bitpay, because the seller, a custom homebuilder didn't want bitcoin, he wanted dollars. >> we had a brief conversation about that, but bitcoin is...
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Oct 13, 2017
10/17
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CNBC
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who cares about bitcoin? >> just watch the show that was jamie dimon speaking out on bitcoin, which hit another all-time high today. his words were opposed to the cfo of jpmorgan, who said "we are very open minded." he said he would stop commenting on bitcoin but had more to say today. is dimon in bitcoin denial >> he's an amazing ceo but he's definitely in denial the barn door is open and all the animals are running out. it's a more than just a fad. you've got blockchain which jpmorgan -- >> he likes the technicaology. >> he loves the technology >> will there be more regulation going forward? >> there will be >> is that a negative? >> we've got no institutional ownership. once they start to put gates or moats around it from a security perspective, it's lights out it can have incredible momentum higher >> the facts are hard to dispute. you have double the amount of digital wallets than a year ago. you've seen a selloff in lesser known coins. you're seeing some consolidation, some best of breed coming through
who cares about bitcoin? >> just watch the show that was jamie dimon speaking out on bitcoin, which hit another all-time high today. his words were opposed to the cfo of jpmorgan, who said "we are very open minded." he said he would stop commenting on bitcoin but had more to say today. is dimon in bitcoin denial >> he's an amazing ceo but he's definitely in denial the barn door is open and all the animals are running out. it's a more than just a fad. you've got blockchain...
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Oct 15, 2017
10/17
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CSPAN2
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a tesla with bitcoin. some companies have announced that they will sell, but you can convert your bitcoin which a been appreciating recently to dollars. that might be a good thing to do and purchase a car with them. >> host: could anyone by bitcoin if they have the resources? >> guest: anyone can. >> host: how many dollars would it take to buy a bitcoin today? >> guest: over $1000. >> host: it's almost like an ounce of gold? >> guest: it is almost like, bitcoin in gold are tending to converge. to the extent that bitcoin fully matures as a currency and asked a store of value and as a form of money, its price will tend to converge with the gold. the because gold is the authentc money threat history. the abandonment of gold in 1971 began this long era of stagnation in the global economy. >> host: george gilder, , back in 1850s, 1860s in this country everybody was printing money and do all sorts of currency. and a later chaos, didn't it? >> guest: well, it didn't actually. the cato institute has done lots of s
a tesla with bitcoin. some companies have announced that they will sell, but you can convert your bitcoin which a been appreciating recently to dollars. that might be a good thing to do and purchase a car with them. >> host: could anyone by bitcoin if they have the resources? >> guest: anyone can. >> host: how many dollars would it take to buy a bitcoin today? >> guest: over $1000. >> host: it's almost like an ounce of gold? >> guest: it is almost like,...
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Oct 23, 2017
10/17
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. >> people don't understand how liquid bitcoin is. i could buy or sell $5 billion of bitcoin with a phone call it's a very liquid market. as liquid as the gold etf, and that are people actually using it for commerce. many people are settling contracts in china with bitcoin because it's so much more efficient. >> thanks for calling in, b.k. >> my pleasure. >> and for those of you who watch "fast money" at 5:00 know that brian is better than anybody in terms of focusing and investing in this certainly fast growing and somewhat controversial vehicle. i mean, i can just tell by the reaction on the desk. >> it's an asset, not a currency. >> catch brian regularly on "fast money." >> it's an an asset, not a currency, but if doesn't have to be a currency to be successful. >> i'm always like personally taken aback to hear somebody have such a strong opinion on something that they know absolutely nothing about, never researched read three articles and they say this is going to go away maybe it will go away. >> and you're hitting alwid. >> someb
. >> people don't understand how liquid bitcoin is. i could buy or sell $5 billion of bitcoin with a phone call it's a very liquid market. as liquid as the gold etf, and that are people actually using it for commerce. many people are settling contracts in china with bitcoin because it's so much more efficient. >> thanks for calling in, b.k. >> my pleasure. >> and for those of you who watch "fast money" at 5:00 know that brian is better than anybody in terms of...
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Oct 12, 2017
10/17
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CNBC
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bitcoin today surging above 5,000 for the first time ever. our next guest calls it the biggest bubble in the world. ken rogoff is former chief economist at the imf always a regular here at the world bank meetings. you just wrote this work crypto fools gold the price surges to 5,000. you say it will crash? >> i don't know when, but the history of currency tells us the private sector innovates, but the government regulates, then appropriates that's the long run here it happened with coins, happened with paper currency, it will happen here. >> though we have seen some moves on that front. china's cracked down a lot korea started cracking down. yet the price continues to bounce back. there's enough support and interest, it seems like, from not just the private sector but governments like japan friendly towards bitcoin. >> i can't explain what japan is doing, except maybe trying to become the switzerland of the fintech industry, and get money laundering from all over the world going through japan. at the end of the day they can't allow anonymous t
bitcoin today surging above 5,000 for the first time ever. our next guest calls it the biggest bubble in the world. ken rogoff is former chief economist at the imf always a regular here at the world bank meetings. you just wrote this work crypto fools gold the price surges to 5,000. you say it will crash? >> i don't know when, but the history of currency tells us the private sector innovates, but the government regulates, then appropriates that's the long run here it happened with coins,...
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we realize was not going to be bitcoin it was this technology underlying bitcoin which is called block change and i said let's start taking bitcoin so we'll start learning about this will get in the community will start learning because this block chain thing is going to well what the internet did to publishing the block chains going to do to about one hundred different industries and some of those industries happen to be like included in the bucket we call government and some of them are we what we call record corporate you know corporations but the block chain is going to remake civilization and so i wanted to get us involved in some. that's when we started taking bitcoin it was really just to get into this field you know when i hear jamie diamond squealing like a stuck pig because bitcoin is eating his lunch to use his words despite his attempt to patent bitcoin like technology one hundred seventy times and failing i thought of you immediately and i think somewhere in this world patrick byrne is laughing aloud big bucks because there's one of these crocs is dying right tell us about
we realize was not going to be bitcoin it was this technology underlying bitcoin which is called block change and i said let's start taking bitcoin so we'll start learning about this will get in the community will start learning because this block chain thing is going to well what the internet did to publishing the block chains going to do to about one hundred different industries and some of those industries happen to be like included in the bucket we call government and some of them are we...
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Oct 21, 2017
10/17
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BLOOMBERG
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nejra: bitcoin boom or bust. we discuss the future of cryptocurrencies and if regulators can work fast enough to effectively role in the changing marketplace. beyond mifid ii, after it goes into place, what does the buy side have to fear, to look forward to? welcome to bloomberg markets: rules and returns, i am nejra cehic in london. where we dig into the opportunities for markets around the globe. from mifid ii to dodd-frank, we speak to the top newsmakers and market participants shaping and reacting to a new generation of rules. let's kick this show off with etf's. passive investments are getting a boost in europe. mifid ii is expected to increase flows from retail investors in the u.s. the fiduciary duty and new guidelines will raise their exposure to etf's. to talk about the impact that mifid ii will have on etf's in europe, steven coen at blackrock. stephen, so great to have you on the program. i have brand-new hot off the press intelligence research saying europe etf's may double to $2 trillion in five year
nejra: bitcoin boom or bust. we discuss the future of cryptocurrencies and if regulators can work fast enough to effectively role in the changing marketplace. beyond mifid ii, after it goes into place, what does the buy side have to fear, to look forward to? welcome to bloomberg markets: rules and returns, i am nejra cehic in london. where we dig into the opportunities for markets around the globe. from mifid ii to dodd-frank, we speak to the top newsmakers and market participants shaping and...
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Oct 30, 2017
10/17
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CNBC
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s pitch on bitcoin >> a caveat. i would sell it on bitcoin, but i am my play in the space is buying overstock i think it had epps me feeling more comfortable. >> >> i am a buyer of bitcounsel i've been on this for a long time i think if you're a believer of a bitcoin, you've got to own it. >> tim seymour. >>ite not a buyer of bitcoin, but i think it's a good for banks, by the way. i think they'll become more efficient than ever. bitcoin, there's other ways to do it. >> one to buy, and another is buy it in another way. we want to know, though, what you out there think, so please vote in our twitter poll right now at "fast money", we will release the results later on good job, beaks. >>> the group now a track, is there a bottom in sight? our traders will weigh in, more "fast money" still ahead stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real ti
s pitch on bitcoin >> a caveat. i would sell it on bitcoin, but i am my play in the space is buying overstock i think it had epps me feeling more comfortable. >> >> i am a buyer of bitcounsel i've been on this for a long time i think if you're a believer of a bitcoin, you've got to own it. >> tim seymour. >>ite not a buyer of bitcoin, but i think it's a good for banks, by the way. i think they'll become more efficient than ever. bitcoin, there's other ways to do...
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Oct 15, 2017
10/17
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BLOOMBERG
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nejra: bitcoin boom or bust. we discuss the future of cryptocurrencies and if regulators can work fast enough to effectively role in the changing marketplace. beyond mifid ii, after it goes into place, what does the buy side have to fear, to look forward to? welcome to bloomberg markets, rules and returns, i am nejra cehic in london. where we dig into the opportunities for markets around the globe. from mifid two to dodd-frank, we speak to the top newsmakers and market participants shaping and reacting to a new generation of rules. let's kick this show off with etf's. passive investments are getting a boost in europe. mifid ii is expected to increase flows from retail investors in the u.s. the fiduciary duty and new guidelines will raise their exposure to etf's. to talk about the impact that mifid ii will have on etf's in coen atsteven blackrock. stephen, so great to have you on the program. i have brand-new hot off the press intelligence research saying europe etf's may double to $2 trillion in five years on mif
nejra: bitcoin boom or bust. we discuss the future of cryptocurrencies and if regulators can work fast enough to effectively role in the changing marketplace. beyond mifid ii, after it goes into place, what does the buy side have to fear, to look forward to? welcome to bloomberg markets, rules and returns, i am nejra cehic in london. where we dig into the opportunities for markets around the globe. from mifid two to dodd-frank, we speak to the top newsmakers and market participants shaping and...
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Oct 3, 2017
10/17
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BLOOMBERG
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pure pure that going -- bitcoin. just like the net and streaming created multiple great companies, i think block chain will as well. i'm involved in something called mercury protocol that i think is going to change the messaging using block chain. emily: how big is your stake in bitcoin? guest: relatively small. emily: we will have to leave it
pure pure that going -- bitcoin. just like the net and streaming created multiple great companies, i think block chain will as well. i'm involved in something called mercury protocol that i think is going to change the messaging using block chain. emily: how big is your stake in bitcoin? guest: relatively small. emily: we will have to leave it
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Oct 31, 2017
10/17
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BLOOMBERG
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now to the latest buzz on bitcoin it. announced they are planning bitcoin futures. scarlet fu spoke with the ceo about going and joins us. birthday,t's a nice $6,416 per bitcoin. this is the biggest futures exchange operator. it's launching a bitcoin futures product. this is the biggest inducible -- institutional endorsement. the cma has launched an index the tractor real-time price and stock price of that coin. when i spoke to the ceo and chairman last week, i asked him where the cme was in terms of introducing bitcoin futures. >> if we decide to get into the dough business -- crypto i think we could be quite successful if we went down the path. give investorss a safer way to trade bitcoin. there has been a lot of interest, but just as much nervousness and weariness. they want liquidity and need liquidity before jumping in and a buffer to know that they can hedge their position. in terms of timing, cma is looking to launch this product by year-end. the cbo has put in an application over the summer. they are looking at the fourth order or first quarter. vonnie: the
now to the latest buzz on bitcoin it. announced they are planning bitcoin futures. scarlet fu spoke with the ceo about going and joins us. birthday,t's a nice $6,416 per bitcoin. this is the biggest futures exchange operator. it's launching a bitcoin futures product. this is the biggest inducible -- institutional endorsement. the cma has launched an index the tractor real-time price and stock price of that coin. when i spoke to the ceo and chairman last week, i asked him where the cme was in...
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Oct 16, 2017
10/17
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BLOOMBERG
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do you see bitcoin as a risky asset or a safe haven? >>. focusing on the price but the underlying problems is solved, important problems. willat equifax, bitcoin react to that, solving problems with cryptography and cryptography moving to the individual, a much bigger story. joe: how cryptography would be of help in the equifax and other privacy measures, bitcoin, what is the connection? >> cryptography is a weird science, involving much more than just -- we shared this information with banks that are doing authentication for us. we have shared our mother's maiden name and our dogs name. we have shared it with salesman who wants to give us the word points and home hardware. the same day the banks have lost billions of dollars securing this. bitcoin spends not a dollar. people come to provide security to the network. joe: it sounds like what you are saying is the argument with people dismissed, the underlying technology more than the coin is interesting. >> there is not really a going to begin with. we are talking about cryptographic keys th
do you see bitcoin as a risky asset or a safe haven? >>. focusing on the price but the underlying problems is solved, important problems. willat equifax, bitcoin react to that, solving problems with cryptography and cryptography moving to the individual, a much bigger story. joe: how cryptography would be of help in the equifax and other privacy measures, bitcoin, what is the connection? >> cryptography is a weird science, involving much more than just -- we shared this information...
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Oct 16, 2017
10/17
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BLOOMBERG
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of bitcoin. explain how that works. cathie: we can only own financial securities. gbtc is what the bitcoin investment trust effectively liquids -- liquidates to if a person does not want to hold, if they want liquidity. so our funds own gbtc which sells at a premium for the investment trust. david: they track bitcoin but there's a premium there. is that because they are, we would say in legal terms allenable? you can inherit shares in a way that you can't inherit bitcoin? cathie: yesings the premium is because of the scarcity area. i can't own -- i can't get any exposure to crip to except through gbtc. no one can. and same with our funds. we have bought the bitcoin trust through gbtc and we tried to buy the underlying but the new york stock exchange prefered a traded security and that's how we ended up with gbtc. david: which takes us to regulation? people have been trying to set up and the f.c.c. said no. take back your application. what's the issue there? >> the issue there, first of all, besid
of bitcoin. explain how that works. cathie: we can only own financial securities. gbtc is what the bitcoin investment trust effectively liquids -- liquidates to if a person does not want to hold, if they want liquidity. so our funds own gbtc which sells at a premium for the investment trust. david: they track bitcoin but there's a premium there. is that because they are, we would say in legal terms allenable? you can inherit shares in a way that you can't inherit bitcoin? cathie: yesings the...
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Oct 14, 2017
10/17
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FBC
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her cousin's daughter said put all your money in bitcoin. and my mother said what do you think of that? i said these times of advertisements tend to come up after the big move has happened. bitcoin a month ago was at 3,500. it changed by 50% in a month. that's not a currency. i have seen it drop 10% in an hour. how do you buy a car with something that's changing value 10% while you are filling out the paperwork? maria: i'm feeling like your 86-year-old mom. where the shoe shine guy was back in the day. this is a teachable moment. jeffrey gundlach: i turned to bearish apple when it was $600 and change. and it went to $700. but then it went down below $400. the reason i got there. one of my mortgage traders was getting his haircut. his illegal immigrant drug addict hairdresser said she was going to buy apple and she felt bad she had sold it because it had gone up further. and he said aren't you worried about the product cycle and all that? she said when the tv thing comes out it will be huge. that's the type of thing you get when people are fa
her cousin's daughter said put all your money in bitcoin. and my mother said what do you think of that? i said these times of advertisements tend to come up after the big move has happened. bitcoin a month ago was at 3,500. it changed by 50% in a month. that's not a currency. i have seen it drop 10% in an hour. how do you buy a car with something that's changing value 10% while you are filling out the paperwork? maria: i'm feeling like your 86-year-old mom. where the shoe shine guy was back in...
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Oct 22, 2017
10/17
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BLOOMBERG
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nejra: bitcoin -- boom or bust? we discuss the future of cryptocurrencies and if regulators can work fast enough to effectively role in the -- rule in the changing market place. beyond mifid ii, after it goes into place, what does the buy side have to fear and look forward to? welcome to "bloomberg markets: rules & returns." i am nejra cehic in london. rules and returns is a show where we delve into the regulatory challenges and opportunities for financial markets around the globe. we will talk to the top newsmakers, regulators, and market shaping the rules. passive investments are getting another boost in europe. is excited to increase investors from the u.s.. it will enable retirement savers and insurers to raise their exposure to etfs. .o speak is stephen cohen so great to have you on the program. thank you for joining us. i have brand-new, hot off the press bloomberg intelligence research saying that you are etfs may double to $2 trillion in five years on mifid ii. let's talk about growth. is that the sort of gr
nejra: bitcoin -- boom or bust? we discuss the future of cryptocurrencies and if regulators can work fast enough to effectively role in the -- rule in the changing market place. beyond mifid ii, after it goes into place, what does the buy side have to fear and look forward to? welcome to "bloomberg markets: rules & returns." i am nejra cehic in london. rules and returns is a show where we delve into the regulatory challenges and opportunities for financial markets around the...
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trading at zero four thousand dollars but i found out that physical bitcoin and start of fact. ten thousand dollars i got to buy this guy an exotic dinner i didn't the reason i didn't jump into it when he promoted me on however was that i looked at things from a rational point of view i aristotle's five characteristics of a good money durable the visible convenient consistent bitcoin passes those to us more or less problems what was the value proposition it's a fee on currency i didn't realize that the real value but coin and i think i'm right is the transfer mechanism to. obviate the swiss system to obviate foreign exchange controls to allow and also to allow people seventy five percent of the human race that lives in these backward countries that have kwacha pool guru pesos for money they can't see money and if they do they can't get it out of the country because and solves that which is why i missed that at the time so we got a little bubble in these cryptocurrency is no but i think it's going to be a much bigger bubble oh i think right part and parcel decided nine yourself
trading at zero four thousand dollars but i found out that physical bitcoin and start of fact. ten thousand dollars i got to buy this guy an exotic dinner i didn't the reason i didn't jump into it when he promoted me on however was that i looked at things from a rational point of view i aristotle's five characteristics of a good money durable the visible convenient consistent bitcoin passes those to us more or less problems what was the value proposition it's a fee on currency i didn't realize...
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Oct 13, 2017
10/17
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CNBC
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that sounds definitive bitcoin hit a new high today. >> i could care less what bit ko bitcoin, how it trades, what it trades for the only value with bitcoin is what the other guy will pay for it honestly, i think it's a good -- bitcoin, buyers are jazzing up every day so maybe you'll buy it, too, and take them out i quite mean that, by the way. people are good at manipulating the press these days a case for bitcoin, if you live in venezuela, north korea, or if you're a criminal. but this is a last time i'm ever going to answer questions on bitcoin because i real will i don't care >> but he's so entertaining when he does. this is a very serious issue we've talked about this time and again. separate blockchain which jamie dimon, did, too, not talking about blockchange. we're talking about bitcoin. what do you say? >> we've had this discussion on this show several times. i'm 100% with jamie dimon on this it does serve a function if you want to evade taxes, if you want to launder money, if you want to engage in activities that you do not want the authorities to know about, it is a good me
that sounds definitive bitcoin hit a new high today. >> i could care less what bit ko bitcoin, how it trades, what it trades for the only value with bitcoin is what the other guy will pay for it honestly, i think it's a good -- bitcoin, buyers are jazzing up every day so maybe you'll buy it, too, and take them out i quite mean that, by the way. people are good at manipulating the press these days a case for bitcoin, if you live in venezuela, north korea, or if you're a criminal. but this...
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Oct 31, 2017
10/17
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BLOOMBERG
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to introduce bitcoin futures. the state of cryptocurrencies. >> it is hard to predict what the volume is going to be. i get a lot of calls from clients on both sides of the trade. they are looking for this particular product to be launched. but you have to remember, this is a 100 billion dollar market, not a multi-trillion dollar market like the foreign exchange and others. we will have to see how people want to participate. betty: joining us is camilla russo. tell us, why was this so important for bitcoin? this really matters for bitcoin because it means that fordoors will be open additional investors to gain access to this sector, to this growing asset class. institutions and wall street have largely stayed on the sidelines this year. it givese contracts, them an option, a way to action us -- a way to access the markets through the contracts themselves, but also, it allows them to head closer to the cryptocurrency itself. so whatever concerns or nervousness they had about getting into bitcoin, maybe this gives t
to introduce bitcoin futures. the state of cryptocurrencies. >> it is hard to predict what the volume is going to be. i get a lot of calls from clients on both sides of the trade. they are looking for this particular product to be launched. but you have to remember, this is a 100 billion dollar market, not a multi-trillion dollar market like the foreign exchange and others. we will have to see how people want to participate. betty: joining us is camilla russo. tell us, why was this so...
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Oct 2, 2017
10/17
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BLOOMBERG
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morgan, there, jamie dimon find myi will fire if i staff trading bitcoin. is this bitcoin trading separate from the blockchain investments that they're talking about. >> it's very separate. much of wall street, if not a of wall street has been exploring blockchain for a couple of years. all these banks have investments in various start ups. as one that they're invested in, citigroup is in there. as we think about it, it's best to think about it in two categories. joining us. you for
morgan, there, jamie dimon find myi will fire if i staff trading bitcoin. is this bitcoin trading separate from the blockchain investments that they're talking about. >> it's very separate. much of wall street, if not a of wall street has been exploring blockchain for a couple of years. all these banks have investments in various start ups. as one that they're invested in, citigroup is in there. as we think about it, it's best to think about it in two categories. joining us. you for
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and eight a new record high comes amid signs the chinese government is rethinking its opposition to bitcoin earlier this year and for several exchanges to shut down. right for more on the subject let's bring in our financial correspondent on wall street. good to see you now despite major criticism from high ranking investors it seems like institutional investors are starting to show interest and cryptocurrency is that the reason why we're seeing this rise. well possibly even if some of those rumors and speculations are in the market for a couple of days already there is some talk that goldman sachs for example might be interested in starting trading crypto currencies then some huge investors are also thinking about going into the crypto currencies but those speculations are around for a couple of days so it is pretty breathtaking what we've seen here in the thursday session bitcoin said trading up by about ten percent to five hundred dollars just for one a day and well it's the your guess is as good as mine what's the right price five hundred dollars a thousand dollars five thousand dollars
and eight a new record high comes amid signs the chinese government is rethinking its opposition to bitcoin earlier this year and for several exchanges to shut down. right for more on the subject let's bring in our financial correspondent on wall street. good to see you now despite major criticism from high ranking investors it seems like institutional investors are starting to show interest and cryptocurrency is that the reason why we're seeing this rise. well possibly even if some of those...
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Oct 23, 2017
10/17
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CNBC
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to another split in bitcoin. it will be called bitcoin gold jordan belfor who was depicted in the wolf of wall street has criticized the crypto currency craze calling it the, quote, biggest scam ever. block chain, the technology which under pins the crypto currency, it under pins the conference in abu dhabi. >> crypto coin is a hugetopic here the regulator in abu dhabi has new regulations around crypto currencies this is the new way for startups to raise money of course, crypto coins, bitcoin in particular, has taken heavy criticism especially from the likes of jamie dimon he said people who invest in bitcoin are stupid now i caught up with fad fadi contour he said jamie dimon shouldn't be talking about something he doesn't understand >> people could get hurt, but also people are secure and make their own decisions. if you want to be part of a bubble, you are part of a bubble you understand the risk. when silicon valley was bubbling in the late 19, early 2000s nobody questioned the issue of embracing the internet
to another split in bitcoin. it will be called bitcoin gold jordan belfor who was depicted in the wolf of wall street has criticized the crypto currency craze calling it the, quote, biggest scam ever. block chain, the technology which under pins the crypto currency, it under pins the conference in abu dhabi. >> crypto coin is a hugetopic here the regulator in abu dhabi has new regulations around crypto currencies this is the new way for startups to raise money of course, crypto coins,...
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Oct 31, 2017
10/17
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BLOOMBERG
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in on the bitcoin action. they announced bitcoin futures by year end. the cryptocurrency jumped on the news, reaching an all-time high of more than six eight $400. -- $6,400.g in this is big news. it seems like the biggest institutional endorsement of bitcoin we have seen yet. not so long ago, you are cautious on bitcoin derivatives great for a lot of people, it can seem like a 180. what changed? terry: this is trivial based on what you reported on earlier in lower manhattan. my thoughts and prayers to those ed.ected -- affect always looking to bring new products to the marketplace. we have seen a pent-up demand by client for quite some time. this is a story that has not gone away. constantly getting calls from clients about how we're going to list his product. product. i was not excited about the product to your point earlier. but then looking at the way the model works, i think it is different than the naysayers were talking about cryptocurrencies in a way. hours will be on a regulated platform overseen by the trading commission. it will be under our
in on the bitcoin action. they announced bitcoin futures by year end. the cryptocurrency jumped on the news, reaching an all-time high of more than six eight $400. -- $6,400.g in this is big news. it seems like the biggest institutional endorsement of bitcoin we have seen yet. not so long ago, you are cautious on bitcoin derivatives great for a lot of people, it can seem like a 180. what changed? terry: this is trivial based on what you reported on earlier in lower manhattan. my thoughts and...
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and eight a new record high comes amid signs the chinese government is rethinking its opposition to bitcoin earlier this year and for several exchanges to shut down. right for more on the subject let's bring in our financial correspondent on wall street. good to see you now despite major criticism from high ranking investors it seems like institutional investors are starting to show interest and cryptocurrency is that the reason why we're seeing this rise. well possibly even if some of those rumors and speculations are in the market for a couple of days already there is some talk that goldman sachs for example might be interested in starting trading crypto currencies then some huge investors also are thinking about going into the crypto currencies but those speculations are around for a couple of days so it is pretty breathtaking what we've seen here in the thursday session bitcoin said trading up by about ten percent to five hundred dollars just for one a day and well it's the your guess is as good as mine what's the right price five hundred dollars a thousand dollars five thousand dollars
and eight a new record high comes amid signs the chinese government is rethinking its opposition to bitcoin earlier this year and for several exchanges to shut down. right for more on the subject let's bring in our financial correspondent on wall street. good to see you now despite major criticism from high ranking investors it seems like institutional investors are starting to show interest and cryptocurrency is that the reason why we're seeing this rise. well possibly even if some of those...
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Oct 20, 2017
10/17
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BLOOMBERG
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bitcoin is now $100 billion. bitcoin moves in mysterious ways. i've heard a lot of potential reasons for this. i think a lot of it is speculation. some people are saying economic instability in zimbabwe could be causing this. a lot of people are buying it in zimbabwe. picture, in the last month or so we have seen a lot of different governments crackdown on bitcoin. it has bounced back up. i think after a lot of these proved to thed of market it is resilient and it can survive these regulations. vonnie: we want to keep a close eye on bitcoin. your latest story with great graphics and bitcoin mania. lily katz.oomberg's ;i; you have to wait a little longer for that sprint-people merger. this is bloomberg. ♪ ♪ vonnie: this is bloomberg markets. sprint and t-mobile are working towards the merger in but would be by far the biggest deal of the year. bloomberg has an exclusive that a news announcement may take longer than expected. alex sherman joins us in today's deals report. what is going on? alex: we were expecting a deal announced at one of the
bitcoin is now $100 billion. bitcoin moves in mysterious ways. i've heard a lot of potential reasons for this. i think a lot of it is speculation. some people are saying economic instability in zimbabwe could be causing this. a lot of people are buying it in zimbabwe. picture, in the last month or so we have seen a lot of different governments crackdown on bitcoin. it has bounced back up. i think after a lot of these proved to thed of market it is resilient and it can survive these regulations....